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GooMoney said it has secured strategic commitments totalling 200 Bitcoin, valued at about $19.3 million, after completing Stage 1 of its fair launch.
The protocol confirmed that 100 Bitcoin has already been deposited on-chain, with the remaining funds to be deployed after launch.
Strategic backers include Lorenzo and B² Network, a Bitcoin-focused infrastructure project supporting settlement and yield layers.
GooMoney positions itself as a Bitcoin-backed on-chain treasury protocol focused on generating BTC-denominated yield.
“Our view is that global capital should gradually move away from fiat-denominated benchmarks,”
Lee Kay said.
“Bitcoin provides a neutral, scarce unit of account, and GooMoney is designed to activate BTC as a productive reserve asset,”
Lee Kay said.
The project aims to expand its treasury to 1,000 Bitcoin, or roughly $95 million, by the first quarter of 2026, subject to market conditions.
GooMoney said its public protocol launch is targeted for the end of January.
The platform issues the GOO token, which it says is always backed by at least one satoshi to provide an intrinsic Bitcoin floor value.
Stage 2 of the fair launch is scheduled to begin on January 21 and will introduce GOO and its staked version, sGOO.
sGOO holders will participate directly in BTC-denominated yield distribution and treasury growth, according to the team.
At the time of reporting, Bitcoin price was $95,479.83.